• +0.2% early after closing up 0.6% with the U.S. dollar down 0.35%

• Cautious initial response to Trump announcing Israel-Iran ceasefire

• UK PMIs beat expectations, but the outlook remains uncertain

• Charts - 5, 10, & 21-day moving averages base, momentum studies conflict

• Horizontal 21-day Bolli bands - daily signals show no strong bias

• June 17, 1.3577 high, then the 1.3632 June 13 2025 high, initial resistance

• 1.3411 lower 21-day Bolli, then yesterday's 1.3373 base are initial support

• Well tested 1.3370/00 is a solid support level after a bullish outside day
Andy

(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)